Reuters logo
BRIEF-Sterling Resources announces agreement to sell UK operating subsidiary to Oranje-Nassau ENERGIE B.V.
March 3, 2017 / 6:32 PM / 7 months ago

BRIEF-Sterling Resources announces agreement to sell UK operating subsidiary to Oranje-Nassau ENERGIE B.V.

March 3 (Reuters) - Sterling Resources Ltd

* Sterling resources ltd. Announces agreement to sell UK operating subsidiary to Oranje-Nassau Energie B.V.

* Company anticipates net proceeds from sale of sruk of approximately US$113 million

* Deal for US$163 million

* Sterling resources says pursuant to share purchase agreement, a termination fee of $5 million will be payable by sruk holdings in certain circumstances Source text for Eikon: Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below